Home | Projects |

Kapital Bank I

Azerbaijan | Financial Institutions

Identification Code:: OP/06/0560
Total Operation Cost:: — USD
Maturity:: 12 months
Operation Status:: BSTDB Approved Amount – Approval Date

4.000.000 USD – 10 Jun 2006
: BSTDB Signed Amount – Signed Date

4.000.000 USD – 12 Jun 2006
: Status:
Completed
Description and Purpose of the Operation:: BSTDB provides a One-Year Unsecured Bank to Bank Loan to Kapital Bank to be used for general banking operations including: short-term financing of specific projects for the creation, modernisation, expansion and diversification of any business facilities; working capital financing for trade, service, infrastructural and manufacturing enterprises for general day-to-day operations; export and pre-export financing of industrial enterprises manufacturing for export and producing hard currency revenues, provided that the term of any such export financing does not exceed 360 days and other banking operations except interbank loans.
Countries of Operation:: Azerbaijan (100,00%)
Financial Product:: Loans
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Kapital Bank is a state-owned bank established in 2000. Kapital Bank is ranked third among Azerbaijani banks in terms of total assets and equity and has the largest branch network with nation-wide coverage. The Bank plays an important role in serving governmental entities and social programmes.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The project aims to support the development of the banking sector in Azerbaijan.
Environmental Classification and Impact:: Kapital Bank has adopted a basic environmental procedure, which is found satisfactory to BSTDB and has integrated it into its credit/investment appraisal and monitoring process. The Loan Agreement shall require the Client to ensure that its sub-loans comply with: 1) the BSTDB Environmental Exclusion List and Negative List of Products; and 2) the national environmental regulations and standards.
Operation Leader:: Financial Institutions II
E-mail:: fi2@bstdb.org